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Saturday, March 5, 2011

Yunus and his bank have recourse to justice dismissal Bangladeshi

New Delhi, .- The Nobel Peace Prize Bangladeshi Muhammad Yunus and a group of managers of micro-credit bank founded today filed actions against the order of the Bangladesh Bank (central) to remove him from office the head of that institution. Yunus and the Grameen Bank nine directors (GB) each brought their cases before the High Court in Dhaka, which held a joint hearing to hear and reserved the issue of an answer to this for the next day 6, media reports said South Asian country.

Also today, the Finance Minister Abul Muhith, appeared before representatives of the diplomatic community and multilateral institutions like the International Monetary Fund or World Bank to defend the decision of the Bangladesh Bank. "The GB is a government institution and not an NGO," said the minister, adding that it was resolving the issue "amicably" and Yunus was suggested to remove him from office "temporarily" while he elucidated the illegality of their position, according to the transcript of his speech.

According to the Bangladesh Bank, Yunus has renewed its executive director in front of GB eleven years ago, but did not have to do with the prior approval of the central body, a condition set forth in the Ordinance of GB 1983. But for the moment, the Grameen Bank refuses to obey this order and has decided to take the matter to court to protect his head, known as the "banker to the poor." "According to legal experts of the bank, the founder of Grameen Bank and Nobel Prize continues in his office, reiterated at a press conference today the public relations officer of the entity, Jannat-e-Quanine, quoted by news portal" bdnews24.

" A source from the Grameen Bank stressed that "the Bangladesh Bank has no authority to dismiss" Yunus, but noted that if the Court finds that the economist "has to go, he will." He also complained that the case "politically motivated" and "is damaging the image of Bangladesh." The banker, who won the Prince of Asturias Award for Concord in 1998 and the Nobel Peace Prize in 2006, has undergone in the last three months of a smear campaign led by the prime minister of Bangladesh, Sheikh Hasina, who described as "bloodsuckers." The campaign began after the November 2010 broadcast of a documentary on Norwegian television denouncing an alleged illegal transfer of funds between entities of the Grameen Group.

Last January, recalled today the Minister of Finance, the Government ordered the formation of an investigative committee, charged with reporting on the transfer, to examine the relationships between the institutions of the group, or evaluate the control, management and accounting the bank.

The scene is dominated Bangladeshi politics for two decades by Hasina and Khaleda Zia opposition now, two heirs to political dynasties that were frowned upon Yunus tried to open a third way with the formation of a party before the 2008 elections.